Saudi: SPPC announces winning bidders for Taiba-1, Taiba-2, Qassim-1, and Qassim-2 Conventional IPPs projects
The Saudi Power Procurement Company (SPPC) announced the winning bidders for the Taiba-1, Taiba-2, Qassim-1, and Qassim-2 Conventional IPPs projects. These Conventional IPP projects are part of the energy mix plan, which is under the supervision of the Ministry of Energy, the energy mix plan aims to meet the future load demand of the electrical […]
Royal Commission for AlUla signs Digital Venture deals with Artefact, Dassault
The Royal Commission for AlUla (RCU) signed two cooperation agreements with the global companies Artefact and Dassault Systemes in the fields of data analysis and digital modelling solutions, aimed at supporting comprehensive and sustainable development in AlUla. The signing ceremony was held on the sidelines of the Future Investment Initiative Forum. The agreements aim to […]
2023 World Combat Games: Prince Fahd bin Jalawi crowns Jujitsu winners, 11 medals go to Saudi Arabia
Vice President of the Saudi Olympic and Paralympic Committee (SOPC) and director of the 2023 World Combat Games Prince Fahd bin Jalawi crowned Tuesday Emirati Hamad Al Qubaisi with gold in the under-85 kg category at the conclusion of the first day of the Jujitsu competitions, held at the King Saud University Arena. Saudi Omar […]
Four Seasons Resort: Red Sea Global, Kingdom Holding sign SAR2bn joint venture
Red Sea Global (RSG), the driving force behind the ambitious regenerative tourism destinations, The Red Sea and Amaala, has confirmed the successful closure of a SAR2bn Joint Venture (JV) with Kingdom Holding Company (KHC), a leading global investment firm headquartered in Saudi Arabia. The collaborative venture, with RSG and KHC sharing equal stakes, is set […]
Democrance expands footprint in Saudi Arabia
Democrance, the global InsurTech firm with a mission to make insurance accessible and affordable for those who need it most, has announced a bold expansion strategy in Saudi Arabia following the launch of the company’s Riyadh headquarters. Supported by investment from Wa’ed Ventures, the Kingdom-based venture capital arm of Saudi Aramco, and long-time partner Global […]
Saudi NEOM launches its strategic investment subsidiary NIF
NEOM has inaugurated its strategic investment arm, the NEOM Investment Fund (NIF), which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling the creation of jobs in the futuristic city. NIF will invest globally through Mergers & Acquisitions and venture capital in technology startups, […]
PIF, Hyundai to build $500m high-tech car manufacturing plant in Saudi Arabia
In a groundbreaking development aimed at transforming Saudi Arabia’s automotive landscape, the Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have officially signed a joint venture agreement to establish a highly automated vehicle manufacturing plant within the kingdom’s borders. PIF, Hyundai joint venture The joint venture, unveiled at the Saudi-Korean Business Forum, comes as […]
Flynas to begin new flight between Jeddah and Ankara
Saudi low-cost airline Flynas will launch a direct weekly flight between Jeddah and Ankara starting November 7. The airline said that the decision to introduce the new flight was made to meet the objectives of the kingdom’s Pilgrims Experience Program (PEP) to facilitate access to the Two Holy Mosques and the National Civil Aviation Strategy […]
SCA inks MoU with International Contractors Association of Korea
The Saudi Contractors Authority (SCA) has signed a memorandum of understanding (MoU) with the International Contractors Association of Korea (ICAK) in order to strengthen cooperation between the entities. The signing ceremony was held under the patronage of the Minister of Municipal and Rural Affairs and Housing, Mr. Majid Al-Hoqail, and the Minister of Land, Infrastructure, […]
Saudi Arabia & Singapore elevate relations to ‘Strategic Partnership’
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia has elevated the relations to a strategic partnership with Singapore. In the economic realm, Crown Prince and Singapore’s Prime Minister Mr. Lee Hsien Loong addressed challenges in the global economy, noting a 51 percent growth in […]